Latest Crypto News and Market Updates – October 3

1. Bitcoin surpasses $121K, climbs to top 7 global assets

Bitcoin (BTC) broke above $121,000, currently trading at $121,006, marking a 0.91% increase in the past 24 hours. With this rally, BTC has surpassed Amazon to claim the 7th spot among the world’s most valuable assets by market cap.

2. $385M in liquidations in 24 hours

According to Coinglass, the crypto market saw $385M in liquidations over the last 24 hours. Long positions accounted for $266M, while shorts made up $120M. BTC alone faced $127M liquidated, and ETH nearly $97.9M.

3. Sharps Technology announces $100M stock buyback

Sharps Technology (STSS) – listed on Nasdaq and recently pivoted into Solana Digital Asset Treasury – announced a $100M stock buyback plan. The company holds 2M SOL (~$448M). Its stock currently trades at $6.52, down from nearly $16 in late August.

4. Yield-bearing stablecoins hit record $20B supply

The total supply of yield-bearing stablecoins (YBS) has exceeded $20B, reaching an all-time high. Over the past two months, supply rose 33% from $15B to $20B, signaling surging demand.

5. Lisk launches $15M venture fund

Ethereum Layer 2 project Lisk has launched the Lisk EMpower Fund, a $15M venture fund aimed at Web3 startups. The fund will prioritize projects solving real-world issues in payments, remittances, digital identity, and supply chain management in emerging markets.

6. WisdomTree acquires Ceres Partners in $500M deal

Crypto ETF issuer WisdomTree completed the acquisition of alternative asset manager Ceres Partners. The deal includes $275M in upfront cash and up to $225M in earn-outs, expanding WisdomTree’s reach into ETPs, digital asset custody, and tokenization markets.

7. ETHZilla CEO predicts ETH could reach $20K

McAndrew Rudisill, CEO of ETHZilla, forecasted that Ethereum (ETH) could climb to $20,000 in the coming years. He cited strong stablecoin growth as a key driver. ETHZilla plans to accumulate as much ETH as possible and deploy it on Layer 2 protocols for higher returns compared to traditional staking.

Overall: On October 3, Bitcoin broke past $121K to reclaim global market cap dominance, while $385M in liquidations showed volatility remains high. New venture funds, major acquisitions, and bullish ETH forecasts highlight growing institutional focus on crypto’s long-term future.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.